Translator RO-EN
Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
Thermal Power Producer Rovinari Seeks EUR34M Loan For Eco-Investments
Romanian state-owned thermal power producer Rovinari will take out a RON148 million loan (EUR34 million) for desulphurization works, company general manager Tiberiu Trotea told MEDIAFAX.
Romanian Economy Ministry Invites Karl Gruppe To Upgrade, Buy Hidroelectrica Units
Romanian Economy Minister Ion Ariton on Thursday invited German energy company Karl Gruppe to "look into the possibility" of association with Romania’s Hidroelectrica in view of upgrading se...
Leu Ends Flat Vs Euro On Suspected Ctrl Bank Intervention
The Romanian leu closed Thursday slightly stronger against the euro, while dealers suspect the central bank was present throughout the day in the market with indirect euro sales meant to mai...
Bucharest Stocks Close Down, SIFs Buoy
The Bucharest bourse closed Thursday in the red, but the five regional investment funds, or SIFs, returned to gains recouping the 2% decline in the previous session.
Romania Has Confirmed Its Intention To Join Euro Area By 2015 - Merkel
German Chancellor Angela Merkel on Thursday said in a joint news conference with Romanian President Traian Basescu that Romania has confirmed its intention to join the euro area in 2015, add...
ANAF To Return VAT Worth RON1.4B In November
Romanian fiscal watchdog ANAF on Thursday said it will return value added taxes worth a total 1.4 billion lei (EUR321 million) in November, for discount claims filed before October 25.
GTC's Galleria Malls Lose 13% In Value Over Third Quarter
The value of Galleria malls held in Romanian cities Suceava, Buzau and Piatra Neamt by developer GTC has declined by nearly 13% over the third quarter, because of reduced occupancy and decli...
Romanian President Woos German Investors With “Large Privatization” Outlook
Romanian President Traian Basescu on Thursday said, after meeting German Chancellor Angela Merkel, that Romania will start a large privatization process, involving thermal power producers Tu...
Romanian Developers Put Hotels On Sale For Unrealistic Prices - Assoc
Tens of hotels built in Romania over the past 10-12 years, mainly by people who don’t usually invest in tourism, and which are not efficient, are now put on sale for very high sums, says Rad...
Romanian Banking Association Appoints Executive President
Romanian banks association ARB on Thursday announced it has appointed Romanian International Bank (RIB) chief Florin Danescu as executive president.
Romanian BCR Banca Pentru Locuinte Posts RON6M Net Profit In 9 Months
Romanian housing bank BCR Banca Pentru Locuinte on Thursday reported a net profit of 6 million lei (EUR1.38 million) for the first nine months of the year, and a 50% increase in the number o...
Bucharest Stocks Close Down, After Lackluster Session
The Bucharest bourse closed Wednesday slightly below par, with investors focusing mainly on Fondul Proprietatea (FP.RO), Erste Group Bank (EBS.RO) and the five regional investment funds, or...